Hello guys!
Could of days ago I wrote a post while Bitcoin was going up that it's a bad time to buy it and it will go down because of the macroeconomic factors. And now, could of days after, bitcoin is really falling.
So I want to explain why and remind you of what you can expect next.
So while bitcoin was pumping, some people were hesitating if they should buy bitcoin right now, but for me, it was pretty obvious that crypto winter is NOT over. It's not that I'm really smart of something, I just try to ignore all this hype that comes from Bitcoin going up 1-2k. I just follow the same signals for the last half a year.
So first of all, I want to recommend staying skeptical about people saying that bitcoin will keep pumping without any visible reasons. And also try to ignore FOMO. You won't miss anything and you still have a lot of time to buy bitcoin at a good price.
So that being said, I want to share my thoughts on what to expect from Bitcoin next.
My predictions have not changed, I still think that Bitcoin will fall or stagnate for the next half a year. It's all connected to the economic crises that are still happening in the US.
I still think that the best signals to watch are FED actions and interest rates. When FED will start cutting them, I think it would be a good time to buy crypto.
There are some speculations that interest rates will soon go down, but I don't really see a strong reason for that. We still see that core inflation is high so FED still needs to push more to lower it. So we probably see another 0.25% raise at the next FED meeting. And after that, there is a possibility that they will start cutting them in Q4 of 2023.
But I think it's pretty early to assume that, so lest just keep watching inflation reports.
I wish everyone a nice week. Stay safe.
